YHB Investment Advisors Inc. Purchases Shares of 2,123 Micron Technology, Inc. $MU

Key Points

• YHB Investment Advisors Inc. has purchased 2,123 shares of Micron Technology, valued at approximately $262,000, in the second quarter.
• Micron Technology's CEO, Sanjay Mehrotra, sold 7,319 shares recently, reducing his ownership by 2.11%, while total insider sales over the past three months reached $34.2 million.
• Several analysts have issued positive updates on Micron Technology, raising price targets significantly, with an average price target now at $163.50 and a majority rating the stock as a Moderate Buy.

YHB Investment Advisors Inc. purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,123 shares of the semiconductor manufacturer's stock, valued at approximately $262,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Micron Technology by 2.1% during the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock valued at $8,854,644,000 after acquiring an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. grew its position in Micron Technology by 23.8% during the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock valued at $922,467,000 after acquiring an additional 2,038,641 shares during the period. Charles Schwab Investment Management Inc. grew its position in Micron Technology by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer's stock valued at $602,917,000 after acquiring an additional 58,285 shares during the period. Dimensional Fund Advisors LP grew its position in Micron Technology by 26.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock valued at $590,807,000 after acquiring an additional 1,416,174 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Micron Technology by 0.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,366,631 shares of the semiconductor manufacturer's stock valued at $379,417,000 after acquiring an additional 17,970 shares during the period. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 7,319 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $158.29, for a total transaction of $1,158,524.51. Following the sale, the chief executive officer owned 340,148 shares in the company, valued at $53,842,026.92. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mark J. Murphy sold 34,000 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the sale, the chief financial officer owned 264,036 shares in the company, valued at $28,864,415.52. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 275,946 shares of company stock valued at $34,242,567 over the last three months. Company insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MU. Stifel Nicolaus boosted their price target on Micron Technology from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Mizuho boosted their price objective on Micron Technology from $155.00 to $182.00 and gave the stock an "outperform" rating in a research note on Tuesday. Raymond James Financial boosted their price objective on Micron Technology from $120.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday, June 26th. Zacks Research upgraded Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. Finally, Bank of America boosted their price objective on Micron Technology from $84.00 to $140.00 and gave the stock a "neutral" rating in a research note on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Micron Technology has an average rating of "Moderate Buy" and an average price target of $163.50.

Micron Technology Trading Down 3.6%

NASDAQ:MU opened at $162.73 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $170.45. The business's 50-day simple moving average is $123.82 and its 200 day simple moving average is $105.58. The stock has a market cap of $182.11 billion, a price-to-earnings ratio of 29.32 and a beta of 1.47.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping the consensus estimate of $1.57 by $0.34. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.The business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $8.83 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, sell-side analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were paid a $0.115 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.46 annualized dividend and a dividend yield of 0.3%. Micron Technology's payout ratio is 8.29%.

Micron Technology Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

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